Garmin Ltd. stock (CH0114405324): Zacks trims Q2 EPS estimate after strong prior quarter

Zacks Research lowered its second-quarter 2026 EPS estimate for Garmin to $2.13 from $2.26 and kept a Hold rating, according to MarketBeat as of 05/18/2026. The note arrives after Garmin’s latest quarter topped expectations with revenue of $1.75 billion and EPS of $2.08, a result that keeps the Nasdaq-listed stock on the radar of US investors.

As of: 19.05.2026

By the editorial team – specialized in equity coverage.

Garmin stock: core business model

Garmin sells devices and software across fitness, outdoor, aviation, marine and automotive categories, which gives the company a wider mix than a single-product consumer brand. That diversification matters for US investors because demand can shift between discretionary wearables, aircraft electronics and marine equipment, reducing dependence on one market cycle.

The company’s first-quarter 2025 report, published on 05/01/2025, showed revenue growth and a higher outlook for the full year, according to ad hoc news as of 05/01/2025. The same report said strength came from aviation and outdoor products, while some fitness and consumer electronics trends were more mixed.

Main revenue and product drivers for Garmin Ltd.

Garmin’s revenue mix has been led by outdoor and aviation products, with fitness, marine and automotive OEM contributing additional scale, according to the company’s full-year 2024 results released in February 2025 and summarized by ad hoc news as of 02/21/2025. For a US audience, that mix links Garmin to both consumer demand and higher-margin specialty electronics.

On the most recent earnings update referenced in the MarketBeat report, Garmin posted EPS of $2.08 versus $1.84 expected and revenue of $1.75 billion versus $1.72 billion estimated. Revenue rose 14% year over year, which suggests the company entered the new quarter with momentum even as analysts adjusted near-term expectations.

Analyst sentiment remains mixed but constructive. MarketBeat said Garmin had an average Moderate Buy rating and an average price target of $268.40, while Zacks Research maintained its Hold view. That combination does not point to a clear consensus, but it does show that Wall Street continues to view the company as a stable, profitable name with cyclical exposure.

Garmin also continues to return cash to shareholders through a quarterly dividend of $1.05 per share, according to the same MarketBeat summary. For retail investors in the United States, that matters because the stock combines consumer-tech exposure with a recurring payout profile that is uncommon among many growth-oriented hardware names.

Conclusion

Garmin remains a diversified electronics and navigation company with meaningful exposure to US consumer and specialty markets. The latest analyst move was modest, but it followed a quarter in which the company beat revenue and earnings expectations. Investors will likely focus on whether Garmin can keep balancing wearable-device demand, aviation strength and capital returns as the year progresses. Stocks remain volatile financial instruments, and this update is informational only.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.